Wilmington-Clinton County Chamber of Commerce

Loan Processor

Wilmington Savings Bank
Job Description
The role of the Loan Processor is to provide administrative assistance to lending personnel that includes the entering of residential and/or commercial loan data into the bank’s documentation software, and assembling and verifying loan documents for accuracy. The Loan Processor will communicate with applicants as to the status of their application, obtain needed documentation, and verify data. This includes preparing compliant loan documentation, coordinating with borrowers and outside vendors, and scheduling loan closings.

Job Summary/Essential Functions
  • Provide administrative assistance to lending personnel
  • Ensure that loan files contain accurate documentation per regulatory requirements
  • Manage time sensitive material and meet deadlines
  • Assemble and verify accuracy and completeness of loan documentation
  • Check documents for proper endorsements
  • Answer telephones and written requests concerning loan processing and servicing inquiries
  • Prepare and distribute appropriate disclosures in compliance with regulations
  • Schedule loan closings with borrowers, title companies, and realtors
  • Track and file documents to completion of the loan file
Job Requirements
  • Knowledge of Bank lending regulations
  • Financial analytical skills
  • Excel proficiency
  • Microsoft Word Proficiency
  • Excellent verbal and written communication skills
  • Excellent time management skills
  • Highly detailed and organized with the ability to multi task
  • Customer service skills
  • Ability to share new ideas and professionally present issues
  • Team oriented
  • Knowledge of secondary market requirements FHLB, Freddie Mac or Fannie Mae.
Experience/Education Requirements
  • Minimum two years loan processing experience
  • Associate degree or equivalent
  • Familiarity with LaserPro software preferred
Contact Information